Master of Business Administration (M.B.A)
MBA is one of the most popular post-graduate courses in India and abroad. The full form of MBA is Master of Business Administration. For most managerial-level jobs across domains and sectors, an MBA degree is a necessity which is why, nowadays a large number of BTech, BBA, BCom, BA, BSc, BCA graduates opt for MBA in post graduation. The growing number of businesses has highlighted the importance of this professional course. It teaches the necessary skills required to expand a company or lead a successful business. MBA course also develops leadership skills among the students.
There are 2 types of M.B.A. - General MBA, which is often shorter in duration and Specialized MBA, which may take longer but is more marketable. The program is available in various subjects whose material focuses on commerce, management and economics related subjects. Programs usually include a thesis component, or may even be exclusively research based. The course strengthens the theoretical, analytical and applied knowledge base of Business Administration. The IIM and other autonomous business schools offer a post-graduate diploma in management (PGDM) or Post Graduate Programme in Management (PGPM) which is recognized in India as similar to an MBA degree. Government accreditation bodies such as AICTE established that autonomous business schools can offer only the PGDM or PGPM, whereas a post-graduate degree can be awarded by a university-affiliated colleges, in two-year full-time program. The curriculum of the PGDM or PGPM and MBA degrees are equivalent, though PGDM or PGPM is industry-oriented and mainly focuses on building soft skills. However, a PGDM or PGPM holder cannot pursue Ph.D. since it is not recognized. Non-government accredited Business Schools have mushroomed up owing to the popularity of Business Administration. 1 year fast-track programs have also proliferated in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Programme (PGP) in Business Management.
All About MBA
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MBA is a popular course because students from any background - Science, Commerce and Humanities - can pursue it.
A regular MBA is a two-year course divided into four or six semesters. However, there are certain private institutes that offer one-year PGDM programmes as well.
- One can pursue MBA in various modes, such as, Full-Time, Part-Time, Online and Distance-Education. Interested candidates can also find programmes customised based on their professional experience such as Executive MBA
- Many management institutes offer or Post-Graduation Diploma in Management (PGDM), Post-Graduate Diploma (PGD) or Post-Graduate Programme (PGP) in Management instead of an MBA degree. There is not much difference between the two, but for the recognition.
- The full-time MBA is the most popular among all the education modes. Full-time MBA includes theory classes, practical projects, student exchange programmes, summer internships and final placements.
- Fresh graduates as well as candidates with a few years of work experience opt for a full-time MBA. Some colleges prefer fresh graduates while some colleges give higher preference to candidates with a few years of work experience.
- On the other hand, the Executive MBA is fit for candidates with 5 plus years work experience as it is designed to enhance their managerial and leadership skills to stay relevant in the job market.
- Online MBA, Part Time MBA and Distance MBA programmes are ideal for candidates who wish to study while working.
- Fundamentals of Accounting.
- Financial Accounting.
- Strategy and Marketing Management.
- Organizational Behaviour and Managing Human Resources.
- Entrepreneurship and Business Planning.
- Accounting.
- Quantitative Analysis.
- Economics.
- Marketing.
- Organizational Behaviour.
- Account Manager.
- Brand Manager.
- Card Payments Operations Head.
- Equity Research Analysts.
- HR Generalist Business Partner.
- Management Consultant.
- Marketing Manager.
- IT Services Marketing Head.
- Project Managers.
- Recruitment Manager.
- Vice President - Investment Banking.
- Zonal Business Manager - Telecom.
- Banks.
- Business Consultancies.
- Brand & Marketing.
- Non-profit Organizations.
- Personal Business.
- Educational Institutes.
- Export Companies.
- Financial Organizations.
- Industrial Houses.
- Multinational Companies.
MBA Course Highlights
MBA is a two-year degree course which can be pursued only after completing graduation. Given below is the table indicating key highlights of MBA course:
|
Particulars |
Details |
|---|---|
|
Course Name |
MBA |
|
MBA Full Form |
Master of Business Administration |
|
Course Level |
Post Graduation |
|
Types of MBA |
Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA and Integrated MBA |
|
MBA Course Fee |
INR 2 lakh to 27 lakh and above |
|
MBA Admission Process |
Entrance Exam+ Group Discussion+ Personal Interview |
|
Top MBA Entrance Exams |
CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT |
|
Top MBA Colleges |
There are 5000+ colleges in India offering Full-Time MBA. Most popular colleges include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, SPJIMR Mumbai, XLRI, IIM Indore, IIM Kozhikode among others |
|
Top MBA Specialisations |
Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics |
|
Average Salary post MBA |
INR 5 lakh to 25 lakh per annum |
|
Top Recruiters post MBA |
Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc. |
What are the Types of MBA Courses?
MBA course is available in various modes and formats. Traditionally, Full-Time MBA of two years duration has been the popular choice among management aspirants, however over the last few years, Executive MBA and Online MBA have gained immense popularity among aspirants owning to flexibility. Read below some key highlights of each type of MBA:
- Full-Time MBA: Full-Time is the regular MBA programme of two years duration. It is a residential programme which includes physical classes, live projects, semester wise assessment, summer internship and final placements. There are about 5000 Full Time MBA colleges in India. Tuition fee ranges between INR 2 lakh to INR 25 lakh on an average.
- Part-Time MBA: Part-Time MBA course is not a residential programme and best suited for working professionals who wish to learn key managerial skills. In Part-Time MBA programmes, there is no campus placement or internship opportunities. Both private colleges and government universities offer part Time MBA courses. There are about 300 Part-Time MBA colleges in India. Course fee ranges between INR 1 lakh to 10 lakh. Read All AboutPart Time MBA
- Distance MBA: In Distance MBA the candidate pursues the programme via remote communication and correspondence. The course is designed for people having limited time and resources as it is cheap and flexible. There is flexibility of completing the course in two to five year. There are over 490 Distance MBA colleges in India. The most popular being IGNOU.Read All AboutDistance MBA
- Online MBA: This is currently the most popular mode of MBA programme owing to convenience and flexibility. In Online MBA, lectures are imparted through video conferencing and the notes, tests, assessments are shared in Learning Management System (LMS). There are no physical classes in Online MBA, thus one can pursue a course in one city while living in another. There is also no boundation of attending classes, as the lectures are recorded and saved in the LMS. There are about 170 Online MBA colleges in India which are mostly private institutions. Read All About Online MBA
- Executive MBA: This programme is exclusively designed for working professionals with more than five years of work experience. The curriculum is similar to Full-Time MBA but it is of a shorter duration (15 to 19 months). Executive MBA programmes are expensive and some companies sponsorship facility to candidates. There are about 440 Executive MBA Colleges in India.Read All About Executive MBA
- 5 year-Integrated MBA: This is a five-year dual degree course which includes UG and PG degree. Integrated MBA degree can be pursued after class 12. So, candidates who choose management as their choice of career early on can opt for Integrated MBA which is a BBA+MBA or BTech+MBA programme. The Integrated MBA programme is offered by top institutes such as IIM Rohtak,IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodhgaya, NMIMS, Xavier University and Nirma University among others.Read All About Integrated MBA
MBA Admissions & Score Accepted
MBA aspirants having relevant entrance test score can apply for admission to b-schools for the current academic session. Some for the popular private B-schools are accepting candidates for their MBA/PGDM courses. Given below is the table indicating application status of some of the popular MBA colleges in India.
|
MBA College |
Exam Score Accepted |
|---|---|
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International Management Institute, Kolkata |
CAT, XAT, GMAT |
|
International Management Institute, Bhubaneswar |
CAT, XAT, GMAT |
|
IMT Ghaziabad |
CAT, XAT, GMAT, CMAT |
|
FMS Delhi University |
CAT, XAT |
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SPJIMR Mumbai |
CAT, GMAT |
|
IIFT Delhi |
IIFT Entrance Exam |
|
XLRI, Jamshedpur |
XAT, GMAT |
|
Great Lakes Institute of Management |
CAT, XAT, CMAT |
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Symbiosis International University (Deemed) |
SNAP |
|
MDI Gurgaon |
CAT, GMAT |
|
Vijay Patil School of Management |
CAT, XAT, GMAT, GRE |
|
Dr DY Patil Vidyapeeth, Pune |
CAT, MAT, XAT, CMAT, ATMA, AIET |
|
KIIT SOM |
CAT, XAT, MAT, CMAT, ATMA, GMAT, KIITEE MBA |
|
Christ University |
CUET |
|
Alliance School of Business, Alliance University |
CAT, XAT, GMAT, NMAT, SNAP,KMAT, MAT, CMAT, IBSAT,ALLIANCE-AMAT |
|
Crescent School of Business |
CAT, XAT, CMAT, ATMA, MAT, GMAT, TANCET and CSBAT |
|
Asia-Pacific Institute of Management |
CAT, MAT, XAT, CMAT, GMAT |
|
Birla Institute of Management Technology, Noida |
CAT, GMAT |
|
JK Business School |
CAT, MAT, CMAT |
|
ITM Business School |
CAT, MAT, XAT, CMAT, GMAT, MAH-CET |
|
Prin. L. N. Welingkar Institute Of Management |
CAT, XAT, CMAT, GMAT, ATMA |
|
Thiagarajar School of Management |
CAT, XAT, CMAT, MAT, GMAT, ATMA |
|
Jaipuria Institute of Management |
CAT, XAT, MAT, CMAT, ATMA |
|
Fortune Institute of International Business |
CAT, XAT, CMAT, GMAT, MAT |
|
EMPI Business School |
CAT, XAT, CMAT, MAT, ATMA |
|
Lloyd Business School Noida |
CAT, XAT, CMAT, MAT, GMAT |
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FLAME University |
CAT, XAT, MAT, CMAT, MAH-CET, GMAT |
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IPE Hyderabad |
CAT, XAT, CMAT, GMAT, ATMA, MAT |
|
Indian School of Business (ISB) |
GMAT, GRE |
|
IFMR - Institute for Financial Management and Research (IFMR GSB), Sri City |
CAT, XAT, CMAT, GMAT, GRE |